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NMLS MLO exam : Mortgage Loan Origination (SAFE MLO) Exam

MLO Exam Questions
  • Exam Code: MLO
  • Exam Name: Mortgage Loan Origination (SAFE MLO) Exam
  • Updated: Aug 16, 2026
  • Q & A: 232 Questions and Answers
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NMLS MLO Exam Syllabus Topics:

SectionWeightObjectives
Uniform State Content11%- State Regulatory Content
  • 1. SAFE Act
  • 2. Compliance Standards
  • 3. Licensing Requirements
  • 4. State Mortgage Regulations
General Mortgage Knowledge20%- Mortgage Fundamentals
  • 1. Interest Rates and Calculations
  • 2. Underwriting Basics
  • 3. Qualified and Non-Qualified Mortgages
  • 4. Mortgage Terminology
  • 5. Loan Types
Federal Mortgage-Related Laws24%- Federal Mortgage Laws
  • 1. Equal Credit Opportunity Act (ECOA)
  • 2. Privacy and Consumer Protection
  • 3. Real Estate Settlement Procedures Act (RESPA)
  • 4. Truth in Lending Act (TILA)
  • 5. Fair Credit Reporting Act (FCRA)
Mortgage Loan Origination Activities27%- Loan Origination Process
  • 1. Closing Procedures
  • 2. Processing and Underwriting
  • 3. Borrower Qualification
  • 4. Financial Calculations
  • 5. Application Process
Ethics18%- Ethical Practices
  • 1. Consumer Protection
  • 2. Professional Conduct
  • 3. Fraud Prevention
  • 4. Fair Lending

NMLS Mortgage Loan Origination (SAFE MLO) Sample Questions:

1. When applying for a home equity line of credit (HELOC), consumers should review documentation carefully and be sure that they consider:

A) if the HELOC is insured by HUD.
B) the APR and the costs of acquiring and maintaining the HELOC.
C) if the HELOC requires private mortgage insurance
D) if the company offering the HELOC has deposit accounts insured by the FDIC.


2. A borrower has told the mortgage loan originator that they had recently paid off an account that was listed on their credit report. Which of the following information will they need to provide the lender to prove the account has been paid off?

A) A letter from the borrower explaining that they paid it off
B) Oral confirmation from the borrower
C) An updated statement showing a zero balance
D) No additional information required


3. No more than how many days before calling any consumer should a company access the National Do Not Call Registry and maintain records documenting this process?

A) 14 days
B) 60 days
C) 31 days
D) 45 days


4. Which of the following must be included in advertisements displayed by mortgage loan originators (MLOs) on their social media pages for mortgage services including payment amounts?

A) The APR
B) The MLO's business address
C) The MLO's personal website
D) The number of days that the rate is available


5. Consumer complaints and the analysis of complaints play a vital role in identifying weaknesses in elements of a company's:

A) hiring procedures and training.
B) secondary marketing practices of selling loans to investors.
C) compliance management training and internal controls
D) compliance management, senior management and branch locations.


Solutions:

Question # 1
Answer: B
Question # 2
Answer: C
Question # 3
Answer: D
Question # 4
Answer: A
Question # 5
Answer: C

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